Tilinpitosääntöjen

Tilinpitosääntöjen, which translates to "Accounting Rules" in English, refers to the body of regulations and principles that govern the preparation and presentation of financial statements. These rules ensure that financial information is consistent, comparable, and reliable, allowing stakeholders to make informed decisions. In Finland, these rules are primarily based on the Finnish Accounting Act (Kirjanpitolaki) and its associated decrees, as well as guidelines issued by the Finnish Accounting Board (Palkkaneuvosto).

The core purpose of tilinpitosääntöjen is to provide a framework for accounting practices. This includes defining how transactions should be recognized, measured, and reported. Key aspects covered by these rules involve aspects such as the valuation of assets and liabilities, the recognition of revenue and expenses, and the format and content of financial statements like the balance sheet, income statement, and notes to the financial statements.

Adherence to tilinpitosääntöjen is crucial for businesses to fulfill their legal obligations and to maintain transparency with investors, creditors, tax authorities, and other interested parties. While national regulations provide a foundation, international accounting standards, such as International Financial Reporting Standards (IFRS), also play a significant role, particularly for larger companies or those operating internationally. The goal is to achieve a true and fair view of the company's financial position and performance.